Announced

RelaDyne to acquire Richard Oil and Fuel.

Synopsis

RelaDyne, a provider of lubricants, fuel, diesel exhaust fluid, and industrial reliability services, agreed to acquire Richard Oil and Fuel, a full-service oil, lubricant, gasoline and diesel fuel distributor serving Louisiana. Financial terms were not disclosed. “Partnering with Richard Oil is an exciting opportunity to further strengthen our operations in the Southeast. Situated in the heart of one of our strongest regions, the Richard Oil team will immediately be able to take advantage of the unmatched scope of products and services that RelaDyne has to offer,” Larry Stoddard, RelaDyne President and CEO.

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